Vrundavan Plantation IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 01, 2023Let’s have a detailed review of the company and analytics of the Vrundavan Plantation IPO release date, IPO offer price, subscription, Vrundavan Plantation Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 108 |
| Listing At | BSE, SME |
| Min. Order Quantity | 1200 Shares |
| Listing Date | November 9, 2023 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs 1528.99 Lakh |
| IPO Size | Rs 1528.99 Lakh |
| Tick Size | 1 |
Vrundavan Plantation IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Vrundavan Plantation Share Price |
Vrundavan Plantation IPO – Summary
Their Promoter and Managing Director, Mr. Upendra Tiwari in the year 1997 has incorporated proprietorship namely M/s. Vrundavan Nursery & Plantation for the sale of plants (like nursery) with a vision to preserve and protect the environment in this deforestation and shrinking green spaces era.
Their promoter with his vision identified the future requirement for landscaping and gardening. He believes that now gardening is not the job of neighbourhood Malis, rather it has emerged as a lucrative business in today’s world.
The Promoter of this company is UPENDRA TIWARI. The lead manager of the issue is INTERACTIVE FINANCIAL SERVICES LIMITED, and the Registrar of this issue is KFIN TECHNOLOGIES LIMITED.
Vrundavan Plantation IPO Date
The opening and closing dates of the Vrundavan Plantation IPO are October 30, 2023, and November 1, 2023, respectively.
Vrundavan Plantation IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 30th Oct | 0.65x | 3.35x | 2.00x |
| 2nd Day – 31st Oct | 1.34x | 7.74x | 4.54x |
| 3rd Day – 1st Nov | 2.48x | 10.98x | 6.73x |
| Shares Offered or Net Issue | 672,000 | 672,000 | 1,416,000 |
The shares subscribed by the public will be updated here.
Vrundavan Plantation IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Vrundavan Plantation Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | November 6, 2023 |
| Refunds Initiation | November 7, 2023 |
| Credit of Shares to Demat Account | November 8, 2023 |
| Share Listing Date | November 9, 2023 |
Vrundavan Plantation IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.108
Vrundavan Plantation IPO Equity Size
This Initial Public Issue of 1,416,000 Equity Shares of Rs.10 each for cash at a price of Rs.108 per equity share aggregating to Rs.1528.99 Lakh.
Vrundavan Plantation IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 1,416,000 Equity Shares of Rs.10/ each.
Issue Size: 1,416,000 Equity Shares of Rs.10 each, aggregating to Rs.1528.99 Lakh
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Vrundavan Plantation IPO – Live Performance
The listing date of this IPO is November 9, 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Vrundavan Plantation Share Price |
Vrundavan Plantation IPO Grey Market Premium
The Vrundavan Plantation Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
Vrundavan Plantation IPO – Company Overview
Recently, their Company has taken over the ongoing proprietorship concern namely M/s. Vrundavan Nursery & Plantation by entering into Business Succession Agreement on April 30, 2023.
On October 17, 2023, the Company entered into to the addendum to Business Succession Agreement in which the Company included Non-Compete Clause stating that “The Predecessor shall not in any manner enter into any fresh contract or agreement involving any services provided by the Successor. The Predecessor shall provide all possible support to the Successor for establishing new and existing services.
The Predecessor shall not perform any activity which may cause harm to the successor and/or its stakeholders in any manner. Further, the predecessor will not carry out any activity which was carried on by him as proprietor and will not enter into partnership with anyone for carrying out the activity which is similar to a successor.”
Vrundavan Plantation IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | ||
| 31-May-23 | 31-Mar-22 | |
| Total Assets | 2,321.67 | 1.00 |
| *Total Revenue | 180.68 | – |
| Total Expense | 155.12 | – |
| Profit After Tax | 17.33 | – |
Earnings per Equity Share (in Lakh)
| 31-May-23 | 31-Mar-22 | |
| Basic & Diluted | 0.52 | 0.00 |
Further, their PAT for the period ended on May 31, 2023, was Rs. 447.45 Lakh, Rs. 17.33 Lakh.
Vrundavan Plantation IPO – Promoters
The Promoter of this company is:
- UPENDRA TIWARI
List of Related Parties (Key Managerial Personnel)
- Upendra Tiwari, Managing Director
- Dineshkumar Dubey, Director
- Vishal Tiwari, Director
- Khyati Shah, Independent Director
Vrundavan Plantation IPO – Promoters Holding
- Pre-Issue Share Holding – 85.29%
- Post-Issue Share Holding – 62.65%
Vrundavan Plantation IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 14,16,000 Equity Shares aggregating up to Rs.1529.28 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 72,00 Equity Shares aggregating up to Rs.77.76 Lakh |
| Net Issue to the Public | Up to 13,44,000 Equity Shares aggregating up to Rs.1,451.52 Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 6,72,000 Equity Shares |
| Other than Retail Individual Investors | Not more than 6,72,000 Equity Shares |
| Equity Shares outstanding prior to the Issue | 39,16,728 Equity Shares |
| Equity Shares outstanding after the Issue | 53,32,728 Equity Shares |
Vrundavan Plantation IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- Repayment of Working capital and unsecured loans
- Working Capital Requirement
- General Corporate Purpose,
- Meeting Public Issue Expenses.
Vrundavan Plantation IPO – Business Strategy
- Specialised Service to each client
- Augment their fund-based capacities in order to scale up business operation
- Entering in to B2C business and online selling
- Focus on competitive Pricing
Vrundavan Plantation IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Well diversified and specialty service offerings
- Organizational stability along with management expertise
- Smooth flow of operations
- Existing Clients
- Quality Service
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-May-23 | 0.52 | 4.19 | 10.57 |
| 31-Mar-22 | – | – | – |
| Mar-21 | – | – | – |
Vrundavan Plantation IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Vrundavan Plantation Limited | 10 | [●] | 0.52 | 4.19 | 180.68 |
| Listed Peers | |||||
| NA | – | – | – | – | – |
Vrundavan Plantation IPO Lead Managers
| Lead Managers |
| INTERACTIVE FINANCIAL SERVICES LIMITED Address: Office No. 508, Fifth Floor, Priviera, Nehru Nagar, Ahmedabad – 380 015, Gujarat, India Tel No.:079 46019796 (M) +91-9898055647 Web Site : www.ifinservices.in Email : mbd@ifinservices.in Investor Grievance Email: info@ifinservices.in Contact Person: Pradip Sandhir SEBI Reg. No.:INM000012856 |
Vrundavan Plantation IPO Registrar to offer
| Registrar to the Offer |
| KFIN TECHNOLOGIES LIMITED Address: Selenium Tower-B, Plot 31 & 32, Gachibowli, Financial District, Nanakramguda, Serilingampally, Hyderabad – 500 032, Telangana Tel No.: +91 40 6716 2222 Website: www.kfintech.com E-Mail: vpl.ipo@kfintech.com Investor Grievance Email: einward.ris@kfintech.com Contact Person: M Murali Krishna SEBI Reg. No.: INR000000221 |
Vrundavan Plantation IPO – Other Details
- Statutory Auditor – M/s Piyush Kothari & Associates, Chartered Accountants
- Legal Counsel to the Company – Mauleen N. Marfatia
- Bankers to the Company – ICICI Bank Limited
Vrundavan Plantation IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Vrundavan Plantation Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Vrundavan Plantation IPO Review FAQs
Check out various FAQs related to the Vrundavan Plantation IPO:
What is the Issue Size of the Vrundavan Plantation IPO?
The Company is making an initial public offer of 1,416,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of the Vrundavan Plantation IPO?
The price band for this particular IPO ranges between Rs 108. As far as the face value of the share is concerned, it is Rs. 10 per share.
What is the Vrundavan Plantation IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on October 30, 2023, while the closing date is set at November 1, 2023.
What is the Vrundavan Plantation IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on November 6, 2023, refund initiation is on November 7, 2023, credit of shares is on November 8, 2023, and share listing date is on November 9, 2023.
What is the Vrundavan Plantation IPO Listing Date?
Shares of this company shall be listed in the exchanges on November 9, 2023. The date, when the listing would be done, is stagnant on November 9, 2023.
Who is the Registrar of Vrundavan Plantation IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. KFIN TECHNOLOGIES LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Vrundavan Plantation IPO?
Here are the promoters of this IPO – UPENDRA TIWARI. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Vrundavan Plantation IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is Vrundavan Plantation IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Vrundavan Plantation Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Lakh is 17.33.
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